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Keep a record for history ...


Lowlow

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Keep a record of precious metals prices for actual metal and the spot price day by day for history, I promise if you are a precious metals investor over the long term you will want to have this information available to you in the future.  The only history of prices I kept in 2008/2009 when premiums went through the roof were the actual receipts for the few purchases I made, and I'd love to be able to look back on some kind of a record and see (or be able to calculate) how much of a premium there was on physical metal on the various coins, rounds, and bars I am interested in day by day as premiums settled.  I remember it took at least weeks for the price of physical to approach the spot price, and I would be using that information now to make decisions about when to make purchases with this newest hit to spot prices if I had that information available to me.  Do yourself a favor ... make some kind of record now.  If you like U.S. silver eagles, each day go record the spot price and then prices from a few of your favorite dealers  so that you can calculate how much they were charging over spot each day, because this is a rare period of time to be able to gather that information.

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